Fresh Del Monte Produce (NYSE:FDP) SVP Sells $310,663.95 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 7,395 shares of Fresh Del Monte Produce stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $42.01, for a total value of $310,663.95. Following the completion of the transaction, the senior vice president directly owned 8,397 shares in the company, valued at $352,757.97. This represents a 46.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Ziad Nabulsi also recently made the following trade(s):

• On Wednesday, March 4th, Ziad Nabulsi sold 616 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $42.28, for a total value of $26,044.48.
• On Tuesday, March 3rd, Ziad Nabulsi sold 1,112 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $42.50, for a total transaction of $47,260.00.

Fresh Del Monte Produce Stock Performance

Shares of FDP opened at $41.91 on Friday. The company has a 50-day moving average of $39.45 and a two-hundred day moving average of $36.99. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 22.29 and a beta of 0.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.16 and a quick ratio of 1.06. Fresh Del Monte Produce, Inc. has a one year low of $29.00 and a one year high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.42. The business had revenue of $968.20 million for the quarter, compared to analyst estimates of $1.01 billion. Fresh Del Monte Produce had a net margin of 2.10% and a return on equity of 7.63%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Fresh Del Monte Produce’s payout ratio is 63.83%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FDP. Weiss Ratings raised Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Fresh Del Monte Produce by 390.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after buying an additional 766 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Fresh Del Monte Produce by 1,488.5% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after acquiring an additional 908 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Fresh Del Monte Produce by 238.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $35,000 after acquiring an additional 750 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Fresh Del Monte Produce in the fourth quarter worth $39,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Fresh Del Monte Produce during the fourth quarter valued at $61,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.